Accor SA Correlations

Pink Sheets . USA . 
Stock . Accor SA
ACRFF Stock  USD 52.56  0.56  1.08%   
The current 90-days correlation between Accor SA and InterContinental Hotels Group is -0.18 (i.e., Good diversification). The correlation of Accor SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Accor SA Correlation With Market

Good diversification

The correlation between Accor SA and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Accor SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Accor SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accor SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Accor SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Accor SA to buy it.

Moving together with Accor Pink Sheet

  0.67ICHGF InterContinental HotelsPairCorr
  0.65WH Wyndham Hotels ResortsPairCorr
  0.64ARTE Artemis StrategicPairCorr
  0.8TRCA Twin Ridge CapitalPairCorr
  0.72APAC APAC Old Symbol ChangePairCorr
  0.7AAC Ares AcquisitionPairCorr
  0.7QBTS D Wave QuantumPairCorr
  0.79HSBC HSBC Holdings PLCPairCorr
  0.65PHX PHX MineralsPairCorr
  0.73INVZ Innoviz TechnologiesPairCorr
  0.8SLNG Stabilis SolutionsPairCorr

Moving against Accor Pink Sheet

  0.86WTBCF Whitbread plcPairCorr
  0.39WTBDY Whitbread PLC ADRPairCorr
  0.36DOX Amdocs Earnings Call This WeekPairCorr
  0.49CAVR CAVU ResourcesPairCorr
  0.35CVX Chevron Corp Earnings Call TodayPairCorr
  0.34ASTE Astec IndustriesPairCorr
  0.3492343VFD1 VERIZON MUNICATIONS INCPairCorr
  0.31CLVR Clever Leaves HoldingsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Accor Pink Sheet performing well and Accor SA Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Accor SA's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Accor SA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Accor SA Corporate Management

Sami NasserEast MiddleProfile
Floor BleekerChief OfficerProfile
Arnaud PatatVP HotelInvestProfile
Christian FlaeschVP SecurityProfile
Charlotte ThouvardVP CommunicationsProfile
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